Monday, January 30, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

How Ripple’s XRP Could Finally Reach The $1 Price Mark In 2020

by firstcryptonews
January 24, 2020
in Industry
How Ripple’s XRP Could Finally Reach The $1 Price Mark In 2020

XRP has been trying to bounce back and replicate the performance of its glory days. The digital currency, just like most of the digital coins in the market, had its fair share of loss last year, but that hasn’t been the highlight of its journey.

A few years since its debut on the crypto market, XRP, climbed to $3.02 in January 2018, it’s all-time high and rose more than a 1000% percent before that historic feat.

Its gradual growth soon earned it the 3rd largest cryptocurrency position and its future was nothing but bright. The digital coin, however, started sliding down slowly and soon lost more than half of its all-time value.

2019 wasn’t any exception as the price of XRP kept hovering around the $0.20 mark for months. The digital coin is now trading at $0.23, taking advantage of a recent partnership deal announced by its team. Despite its slightly better start to this year, the question out there still remains if the digital coin can climb to the $1 mark.

2020 promises to be a good year for cryptocurrencies and especially altcoins as Bitcoin is set to undergo another halving event. Bitcoin is undoubtedly the biggest cryptocurrency and its rise has many times, propelled altcoins to rise with it.

Bitcoin is already up by 20% this year and is expected to experience more bullish trends. Part of XRP’s rise this year also depends on Bitcoin and its history of a massive bullish run after a halving will sure take XRP along for a joy ride.

Another factor that can help Ripple’s XRP rise to the $1 mark again is its developmental projects surrounding it. Ripple has announced many partnerships in the last few months, starting with the partnership with Moneygram, which saw the coin achieve a 14% rise from last week, which also coincided with a new record for Moneygram’s transaction growth. XRP’s 14% climb made it the second-highest gainer in the top hundred in terms of market cap.

Ripple Net, has also partnered with Siam Commercial Bank, a Thailand-based bank which offers fintech solutions for many Asian markets. The partnership seeks to make Ripple Net the basis for a new app and payment system. The banking app will also introduce the bank’s 6 million-strong user base to Ripple’s XRP which will increase its exposure and daily trade.

XRP was able to show its resistance level by maintaining its $0.20 mark during the wild fluctuations, which saw many bullish traders’ cash in on the digital coin. With the coin gaining momentum, coupled with many anticipated developments, XRP could be on the right path to hitting the $1 mark once again or even more before the end of 2020.

Related Posts

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

by firstcryptonews
September 8, 2021
0

Panama is reportedly working on a crypto regulation that might legalize Bitcoin ($BTC) and Ethereum ($ETH) as legal modes of...

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

by firstcryptonews
July 8, 2021
0

Timothy Massad, former chairman of Commodity Futures Trading Commission (CFTC) has become the latest US regulatory executive to advocate for...

NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world.  Contributing to the Greater Good  The new CFO held a similar position at Bridgewater Associates, the world’s largest hedge fund, before his appointment to NYDIG. Dalby said that he is delighted to join the team and was committed to helping NYDIG deliver innovative Bitcoin solutions to individuals and institutions.  The former CFO of Bridgewater Associates joins NYDIG during a period of rapid growth. The leading provider of investment solutions for BTC recently raised over $200M in additional capital from a group of strategic partners. The funds came from top institutions such as Morgan Stanley, MassMutual, New York Life, Liberty Mutual, Stone Ridge Holdings Group, and more.  NYDIG also launched a global Insurance Solutions practice that will spearhead the development of bitcoin-powered products and services for the global insurance sector. According to Robert Gutmann, Co-founder of NYDIG, Mr. Dalby brings deep financial services experience to help the crypto custody firm build institutional solutions that deliver BTC safely to everyone.  NYDIG to Help US Banks Offer Bitcoin In what has been viewed by many crypto enthusiasts as another step toward crypto’s mainstream adoption, NYDIG has unveiled an industry-first bitcoin solution for banks.  Rolled out in partnership with fintech giant Fidelity National Information Services, the new product will enable clients of some U.S. banks to buy, hold and sell BTC via their existing accounts.  According to Patrick Sells, head of bank solutions at NYDIG, hundreds of smaller US banks have already agreed to participate in the program. The firm is now engaging some of the leading U.S. banks to join in and enable ordinary Americans to get access to BTC through their existing bank relationships.  Until now, many BTC adopters have been forced to go outside of their traditional banking relationships to acquire the benchmark cryptocurrency.   The vast majority of traditional banks have steered clear of offering bitcoin to their retail customers. Therefore investors often rely on crypto-centric companies like Coinbase or payment giants such as Square and PayPal to purchase bitcoin.  The revolutionary solution from NYDIG will facilitate banks to offer crypto assets to their retail banking clients via a seamless, easy-to-use digital experience.  More Banks Are Asking For Bitcoin Top Wall Street banks only recently warmed up to crypto and unveiled plans to allow their wealth management clients bet on bitcoin. However, they have so far refrained from offering the service to retail customers.  Nevertheless, more traditional banks are now asking for bitcoin as demand for the asset mounts from retail banking customers.  According to Yan Zhao, president of NYDIG, these banks are under increasing pressure to offer BTC to their clients as its reputation as a store of value continues to grow.  “This is not just the banks thinking that their clients want bitcoin, they’re saying `We need to do this, because we see the data.’ They’re seeing deposits going to the Coinbases and Galaxies and Krakens of the world,” Zhao noted.  The NYDIG head predicts that giant banking institutions could soon face pressure to offer bitcoin to more clients as smaller banks roll out their own crypto services.

NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world. Contributing to the Greater Good The new CFO held a similar position at Bridgewater Associates, the world’s largest hedge fund, before his appointment to NYDIG. Dalby said that he is delighted to join the team and was committed to helping NYDIG deliver innovative Bitcoin solutions to individuals and institutions. The former CFO of Bridgewater Associates joins NYDIG during a period of rapid growth. The leading provider of investment solutions for BTC recently raised over $200M in additional capital from a group of strategic partners. The funds came from top institutions such as Morgan Stanley, MassMutual, New York Life, Liberty Mutual, Stone Ridge Holdings Group, and more. NYDIG also launched a global Insurance Solutions practice that will spearhead the development of bitcoin-powered products and services for the global insurance sector. According to Robert Gutmann, Co-founder of NYDIG, Mr. Dalby brings deep financial services experience to help the crypto custody firm build institutional solutions that deliver BTC safely to everyone. NYDIG to Help US Banks Offer Bitcoin In what has been viewed by many crypto enthusiasts as another step toward crypto’s mainstream adoption, NYDIG has unveiled an industry-first bitcoin solution for banks. Rolled out in partnership with fintech giant Fidelity National Information Services, the new product will enable clients of some U.S. banks to buy, hold and sell BTC via their existing accounts. According to Patrick Sells, head of bank solutions at NYDIG, hundreds of smaller US banks have already agreed to participate in the program. The firm is now engaging some of the leading U.S. banks to join in and enable ordinary Americans to get access to BTC through their existing bank relationships. Until now, many BTC adopters have been forced to go outside of their traditional banking relationships to acquire the benchmark cryptocurrency. The vast majority of traditional banks have steered clear of offering bitcoin to their retail customers. Therefore investors often rely on crypto-centric companies like Coinbase or payment giants such as Square and PayPal to purchase bitcoin. The revolutionary solution from NYDIG will facilitate banks to offer crypto assets to their retail banking clients via a seamless, easy-to-use digital experience. More Banks Are Asking For Bitcoin Top Wall Street banks only recently warmed up to crypto and unveiled plans to allow their wealth management clients bet on bitcoin. However, they have so far refrained from offering the service to retail customers. Nevertheless, more traditional banks are now asking for bitcoin as demand for the asset mounts from retail banking customers. According to Yan Zhao, president of NYDIG, these banks are under increasing pressure to offer BTC to their clients as its reputation as a store of value continues to grow. “This is not just the banks thinking that their clients want bitcoin, they’re saying `We need to do this, because we see the data.’ They’re seeing deposits going to the Coinbases and Galaxies and Krakens of the world,” Zhao noted. The NYDIG head predicts that giant banking institutions could soon face pressure to offer bitcoin to more clients as smaller banks roll out their own crypto services.

by firstcryptonews
May 10, 2021
0

Recently, crypto analyst and influencer Tyler Swope commented on what he will believes will be the next hot sector in...

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

by firstcryptonews
May 9, 2021
0

SEC chairman Gary Gensler along with several other financial experts testified before the Financial Services Committee about the recent GameStop...

This is what some economists are getting wrong about Bitcoin

This is what some economists are getting wrong about Bitcoin

by firstcryptonews
March 17, 2021
0

The intrinsic value of an asset determines its long-term existence in the market. The ‘spicy’ flavor is the intrinsic value...

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

by firstcryptonews
January 6, 2021
0

Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the...

Next Post
Bitcoin Plunges To $8,600 After Reaching $9,100 Resistance. Is $10,000 Within Reach?

Bitcoin Plunges To $8,600 After Reaching $9,100 Resistance. Is $10,000 Within Reach?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Mars4

Mars4: Highly Liquid MARS4 Dollars and First-of-a-kind Revenue Generating Mars Terrain NFTs

1 year ago
Travel platform coin NTC (NHA TRANG TRAVEL COIN) listed on Dexorca Exchange

Travel platform coin NTC (NHA TRANG TRAVEL COIN) listed on Dexorca Exchange

11 months ago
Promising blockchain project Tokoin raised an undisclosed investment from DWF Labs despite “crypto-winter”

Promising blockchain project Tokoin raised an undisclosed investment from DWF Labs despite “crypto-winter”

4 months ago
ONSTON Onboarded Flora Fang As an Advisor to Foster The Project Development

ONSTON Onboarded Flora Fang As an Advisor to Foster The Project Development

1 year ago
XRP Ultra Bullish Scenario: What’s Ahead For XRP’s Price If It Is Classified As A Commodity?

XRP Ultra Bullish Scenario: What’s Ahead For XRP’s Price If It Is Classified As A Commodity?

3 years ago
RFOX MEDIA

MYMEDIA Digital Rebrands into RFOX MEDIA in Myanmar Following RedFOX Labs Acquisition

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

January 30, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News